Which of the following economists is best known for exploring the application of economic analysis to human resources issues?
A) Edward Lazear B) Alan Krueger
C) Claudia Goldin D) David Hammermesh
A
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Figure 11-5
In Figure 11-5, Crown Theater, a monopolist movie theater, has chosen the profit-maximizing output. At this output level, the value of MR is what value?
A. $7.50 B. $6.00 C. $4.50 D. $3.00
Which of the following is true about U.S. energy consumption and per capita real GDP since 1988?
A. Per capita energy consumption and per capita real GDP have both risen. B. Per capita consumption of energy has been relatively constant, while per capita real GDP has risen. C. Per capita energy consumption and per capita real GDP have both fallen. D. Per capita energy consumption has fallen, while per capita real GDP has risen.
The demand curve for a monopoly firm
A) is perfectly inelastic. B) lies below its marginal revenue curve. C) is the same as the market demand curve. D) is horizontal.
Answer the question based on the following list of items that are related to aggregate demand and/or aggregate supply.
Refer to the list above. Changes in which combination of factors best explain why the aggregate supply curve would shift?
A. 1 and 2
B. 2 and 10
C. 3 and 6
D. 7 and 8